Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.76

-1.2%

2:55 PM EST

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To: Glenn D. Rudolph who wrote (53919)	9/9/1998 5:29:00 PM
From: SpecialK	Read Replies (1) of 61433

Glenn, NBMS changes est to 1.19 and 1.70, which indicates 41% growth in earnings from 98 to 99 and then states LT earnings growth rate at 25%? They say Strong Buy, but 25% growth X 1.19 for 98 gives me $30 target, which is lower than we are now. 25 x 1.70 next year gives me $42.50 which is still lower than we were at the start of the day. I don't understand this. Please explain. Ketan

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